Strata-X Energy Ltd Closes Placement Raising A$1.821 Million

June 27, 2014 (Source: Marketwired) — The Directors and management of Strata-X Energy Ltd. (“Strata-X” or the “Company”) (TSX VENTURE:SXE)(ASX:SXA) are pleased to announce that the Company has closed the private placement as announced on June 23, 2014. The private placement (“Placement”) consisted of 6,503,554 CDIs (representing 6,503,554 common shares) to raise A$1,820,995 million at a price of A$0.28 per CDI. The Placement represents approximately 4.7% of the Company’s issued capital (pre Placement). Quotation of the CDIs on the ASX will occur on June 30, 2014 (Australian time).

Proceeds from the Placement will be used primarily on appraisal programs on Strata-X’s three key USA projects and for general corporate purposes.

The capital raising was jointly led by BBY Limited and Helmsec Global Capital Limited (Joint Lead Managers or JLMs). The JLMs will be paid a cash commission of $97,260 and 162,100 broker warrants. Each broker warrant allows the JLMs to purchase one CDI of the Company at a price of A$0.50 for a period of 3 years from the date of closing. The Placement is subject to exchange (TSX-V) acceptance. All of the securities issued pursuant to this offering will have a hold period in Canada expiring on October 30, 2014.

About Strata-X

Strata-X is a Denver, Colorado (USA) based company and is engaged in the business of oil and gas exploration and development with a variety of exploration opportunities in North Dakota, California, Texas, Illinois and Western Australia and production and development opportunities in California. Strata-X has 146,288,969 common shares outstanding and trades under the symbol “SXE” on the TSX-V and “SXA” on the ASX.

This announcement was made in Canada for the TSX.V and in Australia for the ASX.

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Public documents for Strata-X Energy Ltd. can be found at SEDAR (Canada) (www.sedar.com) and ASX.com.au (Australia).

By definition of the COGE Handbook – “Undiscovered resources are those quantities of oil and gas estimated on a given date to be contained in accumulations yet to be discovered.” The Handbook further states – Caution (per NI 51-101/5.9(2)(v)(B)) – “There is no certainty that any portion of the resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources.” In addition, per NI 51-101/5.6 “the estimated values disclosed do not represent fair market value.”

CAUTIONARY STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”, ‘believe”, and similar expressions is intended to identify forward-looking statements. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See “Risks and Uncertainties” in the Company’s Filing Statement dated August 30, 2011 available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.